Mortgage Refinancing? Real Estate Investing?

If you want to find out how to stop the banks from taking advantage of you through errors and faulty systems, then keep your eyes glued to this page for the next 3 minutes; you are in for some shocking surprises.

The banks have probably already overcharged you many times this year without even knowing it!

"I have now been reimbursed the exact amount of discrepancy I had found using your program of $7,563.04 plus reimbursement of the cost of the package against my loan."

Ann-Maree Enders - Kingsley, WA.

“Your software has uncovered overcharging by my bank to the tune of almost $1,300 just for the last two years. Like so many others, I had assumed the Bank would get the figures correct.”

Mike V - Bungendore, NSW

"We found a discrepancy of $8,643.00 on our fixed loan and this has now saved us $33,000 over the life of our loan."

Mrs. Mackenzie - Logan City QLD.

I don't know about you, but I work hard to pay off my mortgage as quickly as possible. Then to have the bank make mistakes and incorrectly take money from my account is not only unfair, but insulting.

I never considered it necessary to check the calculation of my bank statement. I didn't think there would be a need. I couldn't have been more wrong. Every day people are receiving bank statements in the mail for their mortgages, saving accounts, personal loans and overdrafts that they assume are correct, but they are totally mistaken.

Do you actually believe your bank or non-bank lender would never make a mistake on your account?

"Banks do make mistakes with mortgages. And very few are in the customers favour."
- Prue Moodie, Australian Financial Review

Here's what the experts have to say.

"It would be naive to think there's such a thing as a perfect system, and that mistakes will never happen. Mistakes are a fact of life and I am not suggesting that banks intentionally do anything wrong…..
– Paul Clitheroe - Host of Channel 9's Money show and chief commentator for Money magazine

"The era of trusting the banks has long gone."
– Justice Clarke, New South Wales Supreme Court.

"Banks get almost every interest calculation on mortgages and overdrafts wrong at some point."
- Roy Brown Managing Director of Interest Research Bureau (IRB).

I can't believe how totally naive I had been, just accepting that the banks never actually made a mistake and my statements were 100% accurate. Now surely these mistakes are just tiny errors involving a few cents here and there? Well guess again.

Banks Are Making Mistakes On Accounts
Just Like Yours .... Every Day.

If you are like many people you may be tempted to think that "this can't happen to me" or that this "isn't a real problem and it's being blown out of proportion." Before you make that mistake think about this.

Recently a major Australian bank found they had overcharged fees on 55,000 customer's accounts and it totalled $52,000,000. That's right $52 million dollars.

That's an average of $945 for each person.

What I find pretty amazing about this is that the bank found the problem NOT the customers. That means that fifty five thousand people didn't notice the best part of one thousand dollars missing from their bank account.

You may be thinking "I know I'd sure notice $1,000 missing from my account." ... but I am willing to bet you $200 right now that if you called those 55,000 people mentioned above they'd have said exactly the same thing before the bank informed them of the little blunder they made on their account.

So why didn't they notice the $945 overcharges?

The problem is that bank statements can be difficult to read and are not always what they seem. Some of the errors are very difficult to locate if you don't know what to look for.

"[In accounts for over 20 of my clients] I have discovered overcharges in approximately 75% of cases. The total of all mistakes, including overcharges of interest, fees and other irregularities amounts to over $500,000"
– Joe Naggy former Citibank executive now runs Midmark Financial Services

“The incidence of error is extremely high. We recently checked 282 normal statements and 152 of those were incorrect. It really is alarming.”
- John Scilly former executive with Advance Bank

“A recent survey of bank statements conducted by The Interest Savers for Sydney Morning Herald readers showed an error rate of 54%, ....... The Herald's switchboard was jammed for a week by callers wanting their statements checked.”
- Journal of The Institute of Chartered Accountants in Australia

"The bank statements are never clean, [citing the experience of some 350 clients since IRB opened in 1994]. "Significant errors" occurred in 90% of statements.."
- Roy Brown Managing Director of IRB

There is a way to keep the banks honest. We now have a simple and powerful tool to check our bank statements quickly, easily and most importantly 100% accurately - Mortgage Watchdog.

But is it worth it? How often do these mistakes happen? Unfortunately, it is far more often than you would think.

A former Commonwealth Bank officer, Martin McKenna, has found that ...

only one in 70 cases he has examined involves the undercharging of interest
the other 69 have all been overcharged.

That gets you thinking about these "mistakes" when it favours the lender that much doesn't it!

"The average error is about $242 per monthly statement. Hundreds of thousands of Australians
are potentially affected”
The Daily Telegraph - December 10, 2000

Staggering isn’t it? When I discovered the rate at which banks made mistakes I was stunned but assumed it must have just been a few dollars here and there; $242 dollars per monthly statement is incredible.

So what does this all mean? What does it add up to? You do your own sums, but here is what the statistics (and the most conservative ones at that) had me thinking when I first discovered them ...

Annual statements: 12

Statements with errors: 6 (12 x 54%)

Mistakes in lenders favour: 84%

Number of statements with errors in banks favour: 5 (6 x 84%)

Average monthly statement error: $242

This tells me that on average the interest they overcharge in one year on your loan account is $1,210.00 Ouch!

Don't get angry, get even..... get back what they owe you.

There is something you can do about this, you don't have to be a helpless victim of the banking system. Average homeowners around Australia are getting their money back from the banks every day. There are thousands of real life examples of people who have been over charged and been repaid anything from $600 to $100,000.

"Thanks everyone. I've just found $1,100.00 over the last 3 years owing to me from my bank in overcharged interest on a home and investment loan. They were totally shocked with being caught!"

Steve Atkin - Port Macquarie. NSW

The bad news is that knowledge is a dangerous thing. Knowing what you now know, you have to some extent cornered yourself into making an important decision. You will decide one way or another how you are going to deal with it. Before leaving this page you will select one of the following alternatives...even if you think you haven't decided.

Option 1:	The first alternative is to either "think about it" or continue doing nothing and have the banks take advantage of you to the tune of $1,210 a year on average. I suppose this is the ostrich approach, stick your head in the sand and hope it goes away, good luck with this one, you're going to need it.
Option 2:	Pay a bank statement checking company (like IRB mentioned above) to check for you. The interesting thing to note about these companies existence is that obviously bank errors occur often enough for these guys to make a pretty healthy full time income (keep that in mind if you are leaning toward the option above). The down side is that they charge $55 per monthly statement to check for you and a 20% "success fee" on the bank’s refund. So the costs you are looking at are $55 x 12 = $660 plus $1210 x 20% = $242 (20% of the refund) Total Cost = $902 each year.
Option 3:	Ask the the very people who got it wrong in the first place - the banks - to check your statements for you. Generally they charge $200/hour to do this for you. Ask yourself this question, "why would I trust them to get it right this time if they couldn't before?" Isn't this a bit like putting the fox in charge of the hen house?
Option 4:	Use a dedicated piece of software using the internationally accepted formula to calculate your interest bill to check on the banks for you .... for less than the banks' hourly rate.

It is a bit of a "no brainer" isn't it? The Mortgage Watchdog software is by far the most cost-effective solution available.

To do nothing is either naive or nuts, as is paying the bank to check your statements for you. Paying a firm to do it for you isn't a bad option but if you want to dig through 6 years worth of statements at $55 a month you are looking at $3,960 plus 20% of the overcharges they find. Why not use the same kind of software these firms use to find banking errors every day for a fraction of the cost?

Undoubtedly you will have seen countless exposés about the banks on TV programs including Channel 7's "Today Tonight", Channel 9's "Money" and "a Current Affair", plus The ABC's "4 Corners", "7.30 Report" and "Sunrise".

Click the play button below to watch a short YouTube video of A Current Affair looking at bank errors.

To order your copy of Mortgage Watchdog now and to learn about our $250 SuccessGuarantee click here.

If you're wondering how difficult the program is to use please read on.

The software was made for non-computer users so it is very easy to use. You just type in the start and ending dates of your statements, the interest rate (or several interest rates if the rate changes during the month) and the changes in the balance of the account and the software does the rest. Click here to open a window to see just how easy it is.

"I would like to thank you for such an easy software package which is very user friendly"

Irene James - Greenbank. QLD

The software can check all sorts of accounts for you, off-set accounts, lines of credit, variable home loans, any type of account no matter what fancy name your lender gives it. We are yet to find an account we cannot check. Click here for a list of accounts the Mortgage Watchdog software can check.

“A mistake at the beginning could prove pretty expensive over the long term”
Paul Clitheroe - Host of Channel 9's Money show and chief commentator for Money magazine

"Hi Dave - fantastic software, easy to understand and to use. The software was well worth the investment as I found the bank has overcharged me about $1200 over two years".

Angelo Likouras - Kilburn (SA)

One of the most powerful features of the software is the Mistake Compounder. It is great to find a $300 error on your statement from 10 years ago and even better to get the money back. What most people don't realise however is that it is probably less than half the money you are actually entitled to. In addition to the money taken from your account interest has also been charged on this money - compounding every single day for the last ten years. With the Error Compounder you can now chase every cent you are entitled to.

Now I am sure you are probably thinking, "can't I do the same with a spreadsheet?" Yes, some people may be able to but firstly you must be sure you are using the right formula and secondly you will need to know how to do some pretty complicated programming to make sure it's accurate. So even if you could do it, why waste the time and effort when we have gone to all the trouble for you?

I just found the compounder and over 5 years the bank owes me nearly
$1,000. The biggest error, found in the last statement was $470 so I am very
happy. Have another 2 loans to enter yet!

Jacqui Smith - VIC.

The Banks Want To Give Your Money Back.

We are frequently asked "will the banks actually give me my money back?" The answer is of course they will ... as long as you can prove to them that they have made a mistake.

The banks actually want to correct their mistakes and give you your money back. Recently Mr Haydn Park, the head of corporate relations of a major Australian bank has said "When someone comes to us and says ‘You’ve done something wrong, then we don’t quibble, we do something about it.".

But if you don't check your statements and find the errors to show the banks where they have gone wrong you will never know just how much you have been overcharged.

"Your home mortgage is the biggest investment you will every make in your life. Why wouldn't you take some time to make sure that it is right. At the end of the day it is your money and you are entitled to get it back."

David Niven - Lawyer specialising in fighting legal battles with the banks. As seen on A Current Affair.

No other program we have tested can make this claim.

With your Mortgage Watchdog software not only are you guaranteed to find errors in your bank statements (see below for details) but we also back this up with a "100% accuracy guarantee".

The Mortgage Watchdog software uses the internationally accepted formula for the calculation of bank interest. As a result the banks have to take the results seriously; they have to accept the print-out which means you will get your money back.

Why is this guarantee so important?

There are a few other pieces of software on the market that "claim" to be accurate, we know about them because we have checked them all out. We checked them because wanted to make sure that you have the very best tool available to get your money back from the banks.

That's why we are prepared to GUARANTEE the results you will get with our software (you will find that no other software will actually guarantee you results .. and why do you think that is?)

Everyone knows that "you get what you pay for". Why would you risk what is potentially thousands of dollars of your own money on some piece of "free ware" that you got off the front of some magazine? Exactly, it just isn't worth the risk (and embarrassment) of it getting it wrong.

Every other piece of software we have checked has fundamental mistakes built into it.

How embarrassed would you feel if this happened to you? Imagine turning up at the bank, ready to claim your hard earned money back, statements in hand and software print out in hand only to have a junior bank teller point out that your supposedly "accurate software" can't actually add up 3 numbers correctly or that your compounded interest calculations are based on the wrong time cycle.

Don't think this can happen? I can show you that it happens. Click here to see a screen shot of one of them. I don't know about you but in my book 27 + 27 + 27 = 81 .... what bank teller on earth will take you seriously ... no matter what evidence you show them or what letters you have ... if you turn up with software that thinks that 27 + 27 + 27 = 82? Exactly you will be laughed out of the bank.

We don't just claim our software is accurate, we GUARANTEE it. If you ever find errors in our software we will refund your money in full immediately no questions asked.

As we said above the Mortgage Watchdog software is only a fraction of the cost of the other alternatives. It is a very affordable ~~$198~~ inc GST

Important Update: When we found out about these alarming statistics and then heard about this amazing product, we just had to let you know about it. Best of all Mortgage Watchdog is offering you an awesome deal. They say that if you don't find errors in your bank statements they will pay you $250 for wasting your time ... that is how confident they are that you have errors sitting there in your statements waiting to be found. And what's more, we have successfully negotiated a 20% discount off their software for you as we believe this software is a "must have" for anyone with a loan.

The Mortgage Insider team

If you order Mortgage Watchdog online for just ~~$198~~ $159 inc GST by Monday December 10, 2007 . That's less than most people will spend on take away in 3 months.

"I used the MortgageWatchdog software to check 2 years of my loan and found errors of $353.51 (and this was on a very small loan of only $50,000). I then used the built in Mistake Compounder and I am delighted to say that the bank has just deposited $1,250.00 back into my account to reimburse me for their error."

Jouko Hakola - Eight Mile Plains. NSW

Check with your accountant but this software is probably a tax deduction that you can claim this year. Depending on your tax bracket this software can cost you a little over $80.

Finally, because we really want this discount price to increase our sales, we are throwing in five exciting Free Bonuses if you order online by December 10, 2007 .

Please Note: All Bonus Items are digital products - images are for illustration purposes only.

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Hey, let's face it. There are certain situations in life that we just don't feel equipped to handle. Like death, taxes and selling your property.

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That's $159 worth of FREE bonuses, yours to keep just for ordering the software!

At ~~$198~~ $159 inc GST this is by far the most cost effective way to check on the banks and get all your money back from them; plus $159 worth of insider knowledge just for ordering before Monday December 10, 2007 .

Better still you can order the software totally risk free with a $250 Success Guarantee (see details of this amazing guarantee below). Just compare it with the alternatives....

Do nothing and you are likely to pay 7 times this amount in overcharges this year.
Pay a statement checking company to check just 6 months of statements for you and you will spend more than double the cost of the software.
Ask your bank to check your statements for you and in just two hours you will be charged more than double the cost of the software.

There really is no comparison, Mortgage Watchdog is streets ahead of the alternatives.

Find errors in your bank statements or
We'll give you $250 for wasting your time.

I challenge you to find anyone else claiming to have a solution to finding bank errors who will match our guarantee. We cannot find one of them the that will do it.

You may be concerned that you will order the software and then not find any errors in your bank statements. We totally understand that but we are so confident that you will find errors in your bank statements that you can take advantage of our "$250 Success Guarantee". If you do not find any errors in your bank statements over a 4 year period not only will we give you a 100% refund on the software but we will also send you a cheque for $250.

Click here here to print a copy of our guarantee for your records. We understand that you are probably worried we won't stand up to our end of the bargain and pay out on the guarantee. Print this out and you will have a record of our guarantee ... even before you start checking your statements.

Look at what some of our
"unhappy" customers have to say.

I recommend the Mortgage Watchdog to anyone and everyone who has a mortgage. The software itself is easy and fun to use. I have just finished checking more than four years of mortgage statements using the software and although I may be one of the very few to have not found even a single cent discrepancy in interest charges, the peace of mind afforded to me using Mortgage Watchdog and ensuring the bank was correct, was worth the effort.

Oh! but hang on, Mortgage Watchdog guaranteed their software, so that when I presented Dave and the team with the evidence, they checked my statements and true to their word, they refunded me the purchase price of the software plus $250 cold hard!!

Thanks to a very professional team! - Chris McCormick (Melbourne)

“ I checked four years worth of statements on my home loan (between 1994 and 1998). I claimed on the Success Guarantee and presented the relevant documentation to Mortgage Watchdog. They refunded my purchase price plus an additional $100.00” - Anatole K. (Carnegie. VIC)

Please Note: When Anatole ordered our software the Success Guarantee was only $100, since then we have INCREASED our Success Guarantee Payout to $250 ... that's how sure we are you have errors in your bank statements.

We insist that you order the Mortgage Watchdog software entirely at our risk. That's why we are offering the software Risk-Free, with a $250 Success Guarantee. There's absolutely NO RISK on your part.

If you've already decided to order this software click here and claim your five bonus items available before December 10, 2007!

We guarantee that you will find errors in your statements or will not only refund your purchase but send you an additional $250

Why are we going to such great lengths?

We designed this guarantee for the 99% of people who are honest, but naturally cautious -- not the 1% who'll take advantage of us. But more importantly .....

We have offered this Guarantee to over 10,500 customers and only 6 of them have had error free statements.

That means a tiny 0.057% our clients have had error free statements ...

so why would you think you are not one of the 99.94% of people with errors in your statements right now, waiting to be found.

You can see that the chances of you having error free statements are staggeringly slim (in fact just a tiny fraction of one percent). We want you to check your statements and get your money back from the banks, we don't want you to feel like you may be out of pocket in any way. With this guarantee either way you can't lose. If by some chance there are no errors in your bank statements then we are the ones who wear the cost -- not you.

We can afford to make this offer because the chances of you not finding errors in your bank statements is so incredibly small. You could say that we are banking on the banks to get it wrong!

By ordering the software today only one of two things can happen and both of them result in you receiving a cheque.

Order the software, find the errors and your bank writes you a cheque
Order the software find no errors and we will write you a cheque,

either way you win.

"Thanks Legends... Got my CD Today, ran it for a 4 month period tonight and it has paid for itself already!!!!! Looks like I'm going to be busy for the next few days/weeks going through all my old statements. Without a doubt, the best god damn software I've ever used. Could not be happier!!!!"

Steve McCarthy - St Clair. NSW

Three Ways To Place Your Risk-Free Order

1.) The fastest and safest way to order is directly online. Click here to order online with our secure server. Please click here to read our safe shopping guarantee.
2.) Click here to print a fax order sheet.
3.) Click here to place a C.O.D. order.

P.S. At this point after reading a typical offer, you probably think to yourself "Do I really want invest in this program?" We know how you feel and that's exactly why we offer the "$250 Success Guarantee". Find errors in your bank statements or we refund your money AND give you an additional $250 for wasting your time.

You are in a fantastic position, no matter what happens, as a result of buying this software someone is going to write you a cheque - either your bank manager when you find the errors in your statements or us if you don't.

Don't forget the $159 worth of bonuses are yours to keep no matter what, and better still we will even compensate you with a $250 cheque. That's a guaranteed $250+ gain, no matter what you find in your bank statements. Click here to order online now.

P.P.S. If you don’t order the Mortgage Watchdog right now, how will you know how much your bank is ripping you off? 99.94% of our clients have found errors in their statements, what makes you think you wont? How much will you find?

P.P.P.S. Remember from this moment on in your life you are going to spend money whether you like it or not, it is up to you to determine how much. To do nothing and take your chances with the banks may feel like you are not spending money but we are quite literally guaranteeing that you will lose money in overcharges. Alternatively you can order Mortgage Watchdog and start to get your money back from the banks ASAP.

To claim your $159 worth of bonuses you can order right now either online, fax or COD.

“We strive for quality in everything we do, but banking is done by humans and sometimes there are mistakes. (Head of corporate relations for National Australia Bank)”

“The Bank has admitted that a large part of hundreds of interest charge calculations could be wrong…“Colonial State said the banks’ experts had looked at the disputed interest calculations, admitted there were errors …and were now looking at quantifying that overcharging.”

“The Bank of New Zealand, a subsidiary of the National Australia Bank, has sent letters to 1700 customers apologizing for overcharging fees on their deposit accounts. The bank said processing errors caused by a computer glitch led to the accounts being overcharged.”

“The bank (National Australia Bank’s Irish subsidiary) revealed it had also reimbursed several customers undisclosed sums of money after the investigations uncovered a ‘system error’ which led to some borrowers being charged incorrect interest rates.”

“The giant ANZ banking group in Australia has agreed to pay compensation to certain customers…conceding that it had overcharged thousands of customers.”

“The National Australia Bank’s Irish subsidiary will reimburse $302,000…following the findings of two investigations into overcharging on accounts”

“It’s head of corporate relations (for National Australia Bank), Mr Haydn Park, said…mistakes that were picked up by customers or their advisers were rectified… When someone comes to us and says ‘You’ve done something wrong, then we don’t quibble, we do something about it.”